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First Majestic Silver Corp
TSX:FR

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First Majestic Silver Corp Logo
First Majestic Silver Corp
TSX:FR
Watchlist
Price: 9.6 CAD 1.37% Market Closed
Updated: Apr 27, 2024
Section:
 

Relative Value

The Relative Value of one FR stock under the Base Case scenario is 12.26 CAD. Compared to the current market price of 9.6 CAD, First Majestic Silver Corp is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FR Relative Value
Base Case
12.26 CAD
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.5
P/S
P/S
Price to Sales
3.5
vs History
66
vs Industry
41
Median 3Y
3.4
Median 5Y
4.6
Industry
1.7
Forward
4
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-10.4
Median 5Y
-11.8
Industry
15.6
Forward
-681.7
More Details
33.2
P/OCF
P/OCF
Price to OCF
33.2
vs History
53
vs Industry
6
Median 3Y
45.9
Median 5Y
36.6
Industry
9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-18.8
Median 5Y
-23.8
Industry
15.5
More Details
1.5
P/B
P/B
Price to Book Value
1.5
vs History
74
vs Industry
40
Median 3Y
1.5
Median 5Y
2.1
Industry
1.5
More Details
3.6
EV/S
EV/S
Enterprise Value to Sales
3.6
vs History
65
vs Industry
41
Median 3Y
3.5
Median 5Y
4.5
Industry
2.1
Forward
4.1
More Details
52.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
52.9
vs History
14
vs Industry
6
Median 3Y
31.2
Median 5Y
27.1
Industry
7.4
More Details
22.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
22.6
vs History
46
vs Industry
8
Median 3Y
20.7
Median 5Y
21.9
Industry
10.2
Forward
24.1
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
41.2
Median 5Y
45.7
Industry
12.7
Forward
10.4
More Details
34
EV/OCF
EV/OCF
Enterprise Value to OCF
34
vs History
53
vs Industry
7
Median 3Y
46.7
Median 5Y
35.7
Industry
10.2
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-19.9
Median 5Y
-21.8
Industry
12.8
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
68
vs Industry
43
Median 3Y
1.2
Median 5Y
1.6
Industry
1.3
More Details

Multiples Across Competitors

FR Competitors Multiples
First Majestic Silver Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
First Majestic Silver Corp
TSX:FR
2.8B CAD 3.5 -14.9 22.6 -59.2
CA
Pan American Silver Corp
TSX:PAAS
9.5B CAD 3 -66.8 12 61.7
US
Hecla Mining Co
NYSE:HL
3.1B USD 4.4 -37.1 18.9 117
CA
Fortuna Silver Mines Inc
TSX:FVI
2B CAD 1.7 -28.7 4.5 12.4
CA
MAG Silver Corp
TSX:MAG
1.8B CAD 0 27.5 -97.8 -95.2
CA
Aya Gold & Silver Inc
TSX:AYA
1.7B CAD 29.1 226.9 126.6 255.1
US
Gatos Silver Inc
NYSE:GATO
708.6m USD 0 -219.4 -19 -18.9
CA
Silvercorp Metals Inc
TSX:SVM
800.2m CAD 2.8 18.9 4.3 6.4
CA
Endeavour Silver Corp
TSX:EDR
825.5m CAD 2.9 98.6 15.2 65.4
CA
Discovery Silver Corp
XTSX:DSV
467.2m CAD 0 -26.3 -24.7 -24.2
CA
GoGold Resources Inc
TSX:GGD
412.3m CAD 10.6 -62.6 -2 182.1 -74.4
P/E Multiple
Earnings Growth
CA
First Majestic Silver Corp
TSX:FR
Average P/E: 93
Negative Multiple: -14.9 		N/A
CA
Pan American Silver Corp
TSX:PAAS
Negative Multiple: -66.8 N/A
US
Hecla Mining Co
NYSE:HL
Negative Multiple: -37.1 N/A
CA
Fortuna Silver Mines Inc
TSX:FVI
Negative Multiple: -28.7 N/A
CA
MAG Silver Corp
TSX:MAG
27.5
27%
CA
Aya Gold & Silver Inc
TSX:AYA
226.9
551%
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -219.4
85%
CA
Silvercorp Metals Inc
TSX:SVM
18.9
157%
CA
Endeavour Silver Corp
TSX:EDR
98.6
N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -26.3 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -62.6 N/A
EV/EBITDA Multiple
EBITDA Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBITDA: 29.2
22.6
251%
CA
Pan American Silver Corp
TSX:PAAS
12
65%
US
Hecla Mining Co
NYSE:HL
18.9
78%
CA
Fortuna Silver Mines Inc
TSX:FVI
4.5
-47%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -97.8 N/A
CA
Aya Gold & Silver Inc
TSX:AYA
126.6
727%
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -19 N/A
CA
Silvercorp Metals Inc
TSX:SVM
4.3
50%
CA
Endeavour Silver Corp
TSX:EDR
15.2
N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.7 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -2 182.1
5 728%
EV/EBIT Multiple
EBIT Growth
CA
First Majestic Silver Corp
TSX:FR
Average EV/EBIT: 86.3
Negative Multiple: -59.2 		N/A
CA
Pan American Silver Corp
TSX:PAAS
61.7
792%
US
Hecla Mining Co
NYSE:HL
117
325%
CA
Fortuna Silver Mines Inc
TSX:FVI
12.4
-23%
CA
MAG Silver Corp
TSX:MAG
Negative Multiple: -95.2 N/A
CA
Aya Gold & Silver Inc
TSX:AYA
255.1
N/A
US
G
Gatos Silver Inc
NYSE:GATO
Negative Multiple: -18.9 N/A
CA
Silvercorp Metals Inc
TSX:SVM
6.4
77%
CA
Endeavour Silver Corp
TSX:EDR
65.4
N/A
CA
Discovery Silver Corp
XTSX:DSV
Negative Multiple: -24.2 N/A
CA
GoGold Resources Inc
TSX:GGD
Negative Multiple: -74.4 N/A

See Also

Summary
FR intrinsic value, competitors valuation, and company profile.
DCF Valuation
FR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FR stock valuation using valuation multiples.
Wall Street Estimates
FR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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